This Kaspa Rival Is Positioned To Mirror Solana’s Meteoric Rise

Yes, you read the title right – Kaspa has rivals in crypto too. It’s the one with a $134 million market cap currently while KAS sits at $3.6 billion – Alephium.

Cryptocurrency miners are always on the lookout for the next big coin to mine. After Kaspa’s (CRYPTO:KAS) huge success, which saw it become one of the top 100 coins by market capitalization in just a few months, many miners are wondering if there are any other coins that could follow in Kaspa’s footsteps.

One coin that has been getting a lot of attention from miners is Alephium. Alephium is a decentralized blockchain network that uses a new sharding algorithm called BlockFlow. This algorithm enables the network to process transactions in parallel across multiple shards, which significantly increases the blockchain’s throughput.

Currently, Alephium is capable of achieving up to 10,000 Transactions Per Second (TPS), which is a substantial improvement over Bitcoin’s 7 TPS. This high TPS makes Alephium an attractive option for applications that require fast and efficient transaction processing.

One crypto trader, who goes by the handle “Marx,” recently highlighted Alephium’s booming hashrate in a tweet. He pointed out that ALPH’s hashrate is set to skyrocket, which could indicate a massive increase in interest and participation.

$ALPH's hashrate is ready to skyrocket ? signaling massive growth in interest and participation. Now set at 8.2 PH/s ✨With a market cap of just $ 146 million compared to $KAS ’s $ 4 billion, $ALPH holds immense potential for future gains.Recent innovations from… pic.twitter.com/VGaAS7O7nR

Marx also noted the large disparity in market capitalization between Alephium and Kaspa, which could suggest significant potential for future gains. He attributed the rise in hashrate to recent innovations from mining hardware manufacturers, such as Bitmain and IceRiver.

The introduction of new ASIC miners is improving computational efficiency while keeping energy consumption in check. Notably, upcoming shipments of IceRiver’s AL0 and Bitmain’s Antminer L1 are expected to further reshape the mining landscape, ushering in an era of heightened technological efficiency in blockchain mining.

Alephium’s expanding ecosystem integrates oracles, smart contracts, and advanced technologies like PoLW (Proof of Less Work) and sharding. This positions the network for a major breakthrough, reminiscent of Solana’s historic rise.

The ALPH price didn’t stay immune to this September correction, as it dropped 18% this week and 8% in the last 24 hours. This brings Alephium to trade around $1.56.

However, if Marx’s prediction is even remotely close to being correct, Alephium is positioned to become a $1 billion dollar coin in the upcoming months.